IRON-ORE
Hancock Prospecting will start the compulsory acquisition of the remaining shares in ASX-listed Atlas Iron, after gaining more than a 90% shareholding in the takeover target at the end of the offer on October 12. Hancock’s subsidiary Redstone Corporation on Friday told Altas that it would lodge a notice of compulsory acquisition for the remaining shares in Atlas under the same terms as the offer, namely 4.6c a share.
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